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So can I spend my round pounds after this date?

It all depends on where you shop.

Some stores, such as Iceland, Tesco and Poundland, will be accepting round pounds for a a few days afterwards.

If you don't want to lose your round pounds, though, remember that shops do not have to take your old round pound after October 15, so it would be wise to exchange your old coins by banking, spending or giving them to a charity before then.

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Will banks still accept them?

Several high street banks and building societies have said their own customers can continue to exchange the old round pounds with them after October 15 - so if you do find a few in your old trouser pockets, you can still bank them.

The Post Office will also let you take your old round pounds after this date.

People will still be able to deposit the old coins into any of their usual high street bank accounts through the Post Office.